Richmond has had a pretty average year for property investment returns compared to the rest of VIC, giving investors a capital gain of 4.62% to date .
Richmond,3121 was ranked 2000 in Australia by increase in median property value over the quarter.
Richmond3121 is located in VIC which offers an average discount of -6.34% to property investors. Richmond itself is showing figures that indicate -6.14% is the average achievable by property buyers investing in the suburb.
Situated 3.57km from the CBD, Richmond is one of Yarra (C) localities in the postcode 3121.
Richmond is in the bottom 30% in VIC when comparing median price capital growth over the last year. Richmond gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.17%.
When looking at the potential capital gains offered to property investors over the last 3 years, Richmond comes in at number 246th in VIC.
Vendor discounting in Richmond is giving property investors an average Vendor Discount of around -5.68%. This puts suburb at number 128th in VIC when ranking the most discounted suburbs.
At number 136 in a list of fastest selling suburbs, Richmond is in the TOP 10% of suburbs in Australia with an average of days on market 48.9259 for properties listed there.
Situated 3.61km from the CBD, Richmond is one of Yarra (C) localities in the postcode 3121.